Forex Technical Major Pairs Analysis | September 24, 2021

USDX (USD Index)

Free $100 Forex No-Deposit Bonus

U.S dollar index seems will close the week above 93.00. The pair continue to maintain the positions above the level for now and building more bullish pressure. If the index continues its bullish movement next week then it is set to target the 94.00 – 94.30 area.

EUR/USD

EUR/USD managed to print a close above 1.1710 and avoid bearish continuation. However, the pair is currently under pressure again and test the support level. As long as there is no lower swing low then the pair still has a chance to bounce and move above 1.1820.

Today critical levels to watch:

Support: 1.1710, 1.1580

Resistance: 1.1820, 1.2000, 1.2070

GBP/USD

GBP/USD managed to print a bullish close yesterday but not above the daily SMA 200. The pair seems to come under pressure today from the averages. If the pair start moving lower again and managed to print a close below 1.3600 then the bearish trend will continue.

Today Critical level to watch:

Support: 1.3600

Resistance: 1.3835, 1.4000, 1.4325

USD/JPY

USD/JPY direction seems to have settled to the bullish side. The pair keep climbing above the 110.00 resistance level and is now set to target the 111.00 resistance level. If the pair make a bearish correction toward 110.00 then traders could consider entering long positions.

Today critical levels to watch:

Support: 109.00, 108.00

Resistance: 110.00, 111.00, 112.00

AUD/USD

AUD/USD closed the day near the 0.7300 – 0.7330 area. However, the pair get rejected from the area today and erase the previous day’s gain. If the pair continues its downward movement then traders will expect a test on the 0.7160 support level again.

Today critical levels to watch:

Support: 0.7160, 0.7000

Resistance: 0.7300, 0.7330, 0.7450, 0.7500

Copyright © 2021. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.